PROPERTY AND EQUIPMENT

6 Months Ended

Jul. 28, 2012

Property, Plant and Equipment [Abstract]

Property and equipment consist of the following (in thousands):



	Asset Life	July 28, 2012			January 28, 2012			July 30, 2011
Property and equipment:
Land and land improvements	—	$	3,403		$	3,403		$	3,403
Building and improvements	20-25 yrs	35,548			35,548			34,370
Material handling equipment	10-15 yrs	52,082			52,770			51,021
Leasehold improvements	Lease life	397,849			403,080			406,330
Store fixtures and equipment	3-10 yrs	268,244			287,838			290,524
Capitalized software	5 yrs	78,737			78,623			77,080
Construction in progress	—	25,832			23,666			17,343
		861,695			884,928			880,071
Less accumulated depreciation and amortization		(530,857		)	(561,065		)	(548,794		)
Property and equipment, net		$	330,838		$	323,863		$	331,277

During the Second Quarter 2012, the Company recorded a $0.3 million impairment charge primarily related to two underperforming stores. During the Second Quarter 2011, the Company recorded $1.0 million of impairment charges primarily related to four underperforming stores.

During Year-To-Date 2012, the Company recorded a $1.5 million impairment charge primarily related to three underperforming stores. During Year-To-Date 2011, the Company recorded $1.4 million of impairment charges primarily related to six underperforming stores.

As of July 28, 2012, January 28, 2012 and July 30, 2011, the Company had approximately $7.4 million, $6.1 million and $5.6 million, respectively, in property and equipment for which payment had not been made. These amounts are included in accounts payable and accrued expenses and other current liabilities.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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